Today’s Stock Alert: What Will Happen to Dimension Therapeutics Inc Next? The Stock Just Declined A Lot

November 8, 2016November 8, 2016Dolores Ford

The stock of Dimension Therapeutics Inc (NASDAQ:DMTX) is a huge mover today! About 52,786 shares traded hands. Dimension Therapeutics Inc (NASDAQ:DMTX) has declined 35.03% since April 6, 2016 and is downtrending. It has underperformed by 36.98% the S&P500.
The move comes after 5 months negative chart setup for the $107.54 million company. It was reported on Nov, 8 by Barchart.com. We have $3.74 PT which if reached, will make NASDAQ:DMTX worth $12.90M less.

Dimension Therapeutics Inc (NASDAQ:DMTX) Ratings Coverage

Out of 5 analysts covering Dimension Therapeutics (NASDAQ:DMTX), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Dimension Therapeutics has been the topic of 9 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Citigroup initiated Dimension Therapeutics Inc (NASDAQ:DMTX) rating on Monday, November 16. Citigroup has “Buy” rating and $18 price target. The rating was initiated by Wells Fargo with “Outperform” on Friday, December 4. On Friday, June 3 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The stock of Dimension Therapeutics Inc (NASDAQ:DMTX) earned “Buy” rating by Cantor Fitzgerald on Thursday, February 18. As per Friday, December 4, the company rating was initiated by Goldman Sachs. The firm has “Buy” rating given on Monday, November 16 by Goldman Sachs. The firm has “Buy” rating given on Friday, November 6 by Roth Capital. Canaccord Genuity initiated the shares of DMTX in a report on Monday, November 16 with “Buy” rating.

According to Zacks Investment Research, “Dimension Therapeutics, Inc. is a biotechnology company which focuses on developing novel, liver-directed gene therapy treatments for severe, rare genetic disorders. The company’s pipeline of programs includes DTX101, a lead gene therapy product candidate designed to deliver Factor IX, gene expression for hemophilia B; DTX301, a gene therapy product candidate for the treatment of patients with ornithine transcarbamylase deficiency; DTX401, a gene therapy program for the treatment of patients with glycogen storage disease type Ia, a disease that arises from a defect in glucose-6-phosphatase and DTX201, a gene therapy program for the treatment of hemophilia A, which are in different clinical trial stage. Dimension Therapeutics, Inc. is based in Cambridge, Massachusetts.”

More news for Dimension Therapeutics Inc (NASDAQ:DMTX) were recently published by: Marketwatch.com, which released: “Dimension Therapeutics Inc.” on July 22, 2014. Quotes.Wsj.com‘s article titled: “News Dimension Therapeutics Inc.DMTX” and published on September 23, 2015 is yet another important article.

DMTX Company Profile

Dimension Therapeutics, Inc., incorporated on June 20, 2013, is a gene therapy company. The Firm is focused on discovering and developing therapeutic products for people living with rare diseases associated with the liver and caused by genetic mutations. The Firm has programs for hemophilia B, hemophilia A, ornithine transcarbamylase (OTC) deficiency, and glycogen storage disease type Ia (GSDIa). The Company’s gene therapy product candidates and programs are designed to provide a functional copy of an abnormal or missing gene using the advanced adeno-associated virus (AAV) vector delivery technology. The Firm uses mammalian cells in its manufacturing approach for its AAV product candidates. The Company’s AAV manufacturing is performed in over two mammalian cell types, human embryonic kidney 293 cells (HEK293 cells) and HeLa cells.